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Tag Archives: NAR
June Existing Home Sales Disappoint. Realtors Blame Cancellations
Economists were predicting that June Existing Home Sales would rise 2.9%, but that didn’t happen. June Existing Home Sales fell 0.8% from May and are down 8.8% from June 2010.
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Existing Home Sales Fall in May. Realtors Blame Gas Prices and Tight Lending
Existing Home Sales continued to disappoint in May, falling 3.8 percent from April and down 15.5 percent from May, 2010. The National Median Home Price fell to $166,500, down 4.6 percent from May, 2010. Continue reading
Pending Home Sales Plunge 11.6%; NAR Blames “Tight Credit”, Weather, Temporary Soft Patch
NAR chief economist Lawrence Nun blames banks for “holding onto huge cash reserves” as the primary reason for the latest plunge in housing. He also cites the weather, oil prices, a temporary soft patch, and everything but motherhood and apple pie. Continue reading
Pending Home Sales Fall 11.6 Percent in April
April Pending Home Sales fell 11.6 percent from March and were down 26.5 percent from April, 2010. Continue reading
NAR Spin Crossing The Line
The NAr doesn’t care about its customers. They have no interest in sharing the truth or providing accurate information if such information may cause a buyer not to buy or a seller not to sell. A reasonable deduction from NAr press releases is that they will say anything to generate sales, specifically they want to control buyer psychology. Continue reading
Posted in Fresh Perspectives, Industry & Technology, The Real Estate Process
Tagged Housing Bubble, NAR, Spin
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